Bryan Piskorowski Coming Quotations

We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion.

You got technical selling coming in as we broke a support level. Beyond that, we're just sitting here in no-man's land waiting for earnings announcements and economic data.

Clearly trading here in the month of May feels more like August. But bottom line here, yes, we are, we're pinned in by interest rate uncertainty; we're pinned in by the Fed meeting coming up at the end of June. Obviously with those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin. In the last two weeks, we've basically been trading -- I can't believe this -- in the 10 percent range on the Nasdaq. But that's what it's been.